ID H0435

Establishes the Idaho Corporate Tax Incentive Accountability Act requiring taxpayers receiving at least $40,000 in state tax incentives to report employment and tax information annually to the state tax commission.

Defines "full-time job" as work requiring 35 or more hours per week and requires reporting of jobs paying at or above the average Idaho wage, including those with health and retirement benefits.

Requires taxpayers to report the number of new jobs created, total value of each tax incentive received, and whether they have ceased doing business in Idaho along with any amounts repaid under recapture provisions.

Imposes a civil penalty of up to $500, remitted to the general fund, for taxpayers who fail to file required reports.

Directs the state tax commission to compile and post an annual accountability report on its website by October 1 each year and submit summaries to the house revenue and taxation committee, senate local government and taxation committee, and joint finance-appropriations committee.